Smart contract technology, evolution in the development of e-commerce: Requirements and Policies

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SADEGHI MOHSEN; Naser Mehdi

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Journal: Roshd-e-Fanavari Year:2020 | Volume:16 | Issue:61 Page(s): 1-11

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Title

Smart contract technology, evolution in the development of e-commerce: Requirements and Policies

Author(s)

SADEGHI MOHSEN | Naser Mehdi | Issue Writer Certificate

Keywords

Technology Smart Contracts BlockChain Policymaking Iranian Law American LawQ1

Abstract

Technology development has led to the creation of new e-commerce tools. By providing a fast, cost-effective and secure environment, these tools play an important role in developing e-commerce. One of these tools is called smart contracts. study, in a legal study of American law, seeks to answer the question of how challenging the Iranian legal system is the policy of implementing general rules of contracts in process of concluding smart contracts. answer to this question requires, in first place, to identify the nature of these contracts. Smart contracts, contracts concluded in a decentralized context with a special ceremony. Because of the specific mechanism, the policy of implementing them in legal system of Iran is primarily based on identifying intermediaries' intentions about how to obtain and accept them in the contract. In the area of intent and responsibility of the interlocutors, the Iranian legal system faces challenges of recognizing the necessity and acceptance of the interlocutors, the compliance of the rules governing these contracts with norms in the Iranian society and the conflict of laws. In the domain of transaction, the challenges associated with asset identification and validation of digital instruments that are applicable to Smart contracts, in the area of transaction legitimacy, language of concluding smart contracts, and the nature of the available databases and artificial intelligence are among the most important challenges of the legal system. Iran can be considered. Solving these challenges requires some legislative and executive policies to describe this research.

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APA: Copy

SADEGHI, MOHSEN, & Naser, Mehdi. (2020). Smart contract technology, evolution in the development of e-commerce: Requirements and Policies. ROSHD-E-FANAVARI, 16(61 ), 1-11. SID. https://sid.ir/paper/144991/en

Vancouver: Copy

SADEGHI MOHSEN, Naser Mehdi. Smart contract technology, evolution in the development of e-commerce: Requirements and Policies. ROSHD-E-FANAVARI[Internet]. 2020;16(61 ):1-11. Available from: https://sid.ir/paper/144991/en

IEEE: Copy

MOHSEN SADEGHI, and Mehdi Naser, “Smart contract technology, evolution in the development of e-commerce: Requirements and Policies,” ROSHD-E-FANAVARI, vol. 16, no. 61 , pp. 1–11, 2020, [Online]. Available: https://sid.ir/paper/144991/en

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